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Africa’s oil, gas, and minerals offer a once-in-a-millennium opportunity to lift millions of people out of poverty. While these sectors have often been associated with increased corruption, poverty, and conflict, for example, the revenue from Africa’s natural resource wealth could be used to fund health, education, and other critical investments instead. In 2010, Africa’s exports of oil and minerals (€252 billion) were worth roughly seven times international aid (€36 billion) to the continent.
This year, the 2013 Africa Progress Report reports on the continent’s oil, gas, and mining sectors, building on last year’s theme of equity. The report argues that Africa’s oil, gas, and mining sectors must do more to benefit African populations. We cannot accept business as usual.
In preparation, the Africa Progress Panel convened a series of consultation meetings in Oxford, Accra, and Geneva. The meetings brought together experts and officials from the private sector, non-profits, academia, and African governments.
The 2013 Africa Progress Report was launched in May and can be found here.